How a fake number landed UAE fund in tax soup

What's in a number? Well, a fictitious mobile number '9999999999' that was entered by Abu Dhabi Investment Authority to enable it to upload its income tax return on the portal, led to I-T authorities doubting the veracity of this entity. Consequently, the commissioner (appeals) upheld tax at 20% on interest income of about Rs 365 crore earned by it from Indian debt securities during FY19.

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